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IFC Commits $25 Million to Acumen’s Fund for Expanding Energy Access in Africa
The grant encourages solar companies to lower interest rates for end-users by achieving specific key performance indicators (KPIs).
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: Power Africa Awards Grants to Increase Access to Solar-Powered Productive-Use Technologies in East Africa
Through its Empower East and Central Africa program, Power Africa is awarding grants to Simusolar and SureChill to distribute solar-powered irrigation and refrigeration solutions to underserved regions in Kenya, Tanzania, and Uganda to boost productive use of energy.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Nexif Ratch Energy Secures Financial Close for Its 145 MWP Bacolod Solar Power Project in the Philippines
It is a 145 MWp ground-mounted solar photovoltaic project that will connect to NGCP’s Bacolod Substation and can potentially power to up to 52,600 households.
- Categories
- Energy, Technology
- Region
- South Asia
- Tags
- infrastructure, renewable energy, solar, wind
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Press Release: Innovative Off-Grid Solar Appliances Can Help Bridge the Energy Access Gap for Millions Worldwide
The latest research from Efficiency for Access finds a significant need and business opportunity to scale up the market for off-grid solar appliances like fans, refrigerators, water pumps, and grain mills. Doing so would bring life-changing energy access to millions worldwide.
- Categories
- Energy, Technology
- Region
- Global
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An Under-Recognized Obstacle to Solar Access in Africa: The Impact of Foreign Exchange Risk — And How to Mitigate It
Solar energy businesses are rapidly gaining traction in Africa, driving economic growth, improving living standards and supporting the transition to a low-carbon future. But Yariv Cohen at Ignite Power highlights an under-recognized barrier facing the sector: foreign exchange risks. He explores the impacts that volatile exchange rates can have on two common types of solar projects in Africa, and shares some of the strategies that have emerged to mitigate these risks.
- Categories
- Energy, Environment, Investing, Technology
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Off-Grid Solar Energy: Huge Opportunity for Rural Healthcare
While securing electricity access has previously required a one-off product procurement, Energy-as-a-Service now offers a viable and accessible way to meet – and crucially – maintain off-grid health facilities’ long-term energy needs.
- Categories
- Energy, Health Care
- Region
- Sub-Saharan Africa
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Ignite Power Agrees to Terms for Carbon Off-Take Agreement with SEFE, Advancing Goal to Connect 100 Million by 2030
Ignite Power is a leading distributed renewable energy (DRE) provider in Sub-Saharan Africa.
- Region
- Sub-Saharan Africa
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Ghanaian Clean-Tech Startup, Kofa Raises $5 Million Funding via SPV
Kofa Technologies has recently announced a $5 million fund raise via SPV to expand its battery swapping network with more stations in Ghana.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, research, solar, startups
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